Taylor Frigon Capital Management LLC Lowers Stock Holdings in Wix.com Ltd. (NASDAQ:WIX)

Taylor Frigon Capital Management LLC lowered its position in shares of Wix.com Ltd. (NASDAQ:WIX - Free Report) by 21.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,809 shares of the information services provider's stock after selling 3,705 shares during the period. Wix.com accounts for approximately 1.3% of Taylor Frigon Capital Management LLC's portfolio, making the stock its 19th largest position. Taylor Frigon Capital Management LLC's holdings in Wix.com were worth $2,256,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WIX. Global Retirement Partners LLC raised its stake in Wix.com by 36.0% during the 4th quarter. Global Retirement Partners LLC now owns 219 shares of the information services provider's stock worth $47,000 after acquiring an additional 58 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Wix.com in the fourth quarter valued at approximately $52,000. Jones Financial Companies Lllp boosted its holdings in shares of Wix.com by 559.6% in the fourth quarter. Jones Financial Companies Lllp now owns 343 shares of the information services provider's stock valued at $74,000 after acquiring an additional 291 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Wix.com during the fourth quarter worth approximately $114,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Wix.com by 9.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 608 shares of the information services provider's stock valued at $130,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 81.52% of the company's stock.

Wix.com Price Performance

Wix.com stock traded up $0.45 during trading hours on Monday, hitting $158.46. The stock had a trading volume of 868,711 shares, compared to its average volume of 688,020. Wix.com Ltd. has a 1-year low of $137.94 and a 1-year high of $247.11. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 63.13, a PEG ratio of 2.52 and a beta of 1.31. The stock's fifty day moving average is $161.69 and its two-hundred day moving average is $187.66.

Analyst Ratings Changes

A number of analysts recently weighed in on WIX shares. Cfra Research cut shares of Wix.com from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Wells Fargo & Company raised Wix.com from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $173.00 to $216.00 in a report on Monday, June 16th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of Wix.com in a research note on Wednesday, June 18th. Benchmark lowered their target price on Wix.com from $260.00 to $245.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, B. Riley restated a "buy" rating and set a $230.00 price target (down previously from $240.00) on shares of Wix.com in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Wix.com presently has a consensus rating of "Buy" and an average price target of $228.95.

Wix.com Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.